Purified Terephthalic Acid Market (PTA) to Rise Beyond 7.51% CAGR to 2021

Purified Terephthalic Acid Market (PTA) report states that one challenge in the market is volatility of crude oil price. In recent years, the increasing costs of commodities have led to a lot of financial pressure on numerous commodity producers.

ReportsnReports.com added new Chemicals report of Global Purified Terephthalic Acid Market (PTA) 2017-2021. One trend in the Purified Terephthalic Acid Market (PTA) is PET bottle packaging for alcoholic beverages. Many vendors are exploring new ways for the packaging of alcoholic beverages. Many alcoholic beverage vendors are considering PET bottles for the packaging of alcoholic beverages such as beer and wine as PET can maintain the appearance and stability of an alcoholic beverage and is lighter than glass. Incorporating PET bottles will lead to enhanced supply chain management, lower production cost, more margin, and higher sustainability.

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The analysts forecast global purified terephthalic acid (PTA) market to grow at a CAGR of 7.51% during the period 2017-2021. Terephthalic acid is a colorless solid material with the chemical formula C6H4(CO2H)2. It is difficult to dissolve in water or other liquids. It is largely used in manufacturing polyester, textiles, and plastic bottles. The common method for producing PTA is the Amoco process. It is produced by the oxidation of paraxylene, and the oxidation process includes acetic acid as solvent and the cobalt-manganese-bromide catalyst. A feed mixture containing paraxylene, acetic acid, and the catalyst system with compressed air is fed to a reactor.

According to the purified terephthalic acid market (PTA) report, one driver in the market is increase in demand from polyester fibers. PTA is largely used to produce polyester fibers. It acts as a feedstock along with mono-ethylene glycol and other chemicals for producing synthetic polymers. It is largely preferred due to its abundant availability, the simple chemical process of polyester synthesis, superior mechanical properties, enhanced chemical properties, recyclability, and a wide range of intermediates to be produced from polyester fibers. Polyester fibers are largely used to manufacture apparels such as top-weight and bottom-weight fabrics; household and institutional textiles such as sheets and pillowcases, towels, curtains, draperies, upholstery, and bed ticking; carpets and rugs; and industrial and consumer textiles. Industrial and consumer textiles have the highest consumption of polyester fiber, followed by apparel and household and institutional textiles.

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Key players in the global purified terephthalic acid (PTA) market: BP, China Petrochemical, Eastman, Mitsubishi Chemical Holdings, and Reliance Industries. Other Prominent Vendors in the market are: Alpek, CEPSA, DowDuPont, Far Eastern Group, Formosa Petrochemical, Hanwha Group, Hengli Petrochemicals, JBF Industries, LOTTE CHEMICAL, Oriental Petrochemical (Taiwan), Indorama Ventures Public Company, Indian Oil, SABIC, TAEKWANG INDUSTRIAL, TONGKUN GROUP, and Zhejiang Hengyi Group.

The market is divided into the following segments based on geography:
• Americas

This report, Global Purified Terephthalic Acid (PTA) Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

List of Exhibits
Exhibit 01: Parent Market
Exhibit 02: Global Specialty Chemicals Market
Exhibit 03: Market Segments
Exhibit 04: Market Definition: Inclusions and Exclusions Checklist
Exhibit 05: Market Size 2016
Exhibit 06: Validation Techniques Employed For Market Sizing 2016
Exhibit 07: Global Pta Market - Market Size and Forecast 2016-2021 ($ Billions)
Exhibit 08: Global Pta Market - Year-Over-Year Growth 2017-2021 (%)
Exhibit 09: Five Forces Analysis
Exhibit 10: Application - Market Share 2016-2021 (%)
Exhibit 11: Comparison By Application
Exhibit 12: Polyester Fiber - Market Size and Forecast 2016-2021 ($ Billions) and more..

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